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Exam Code: 1Z0-1049-21
Exam Name: Oracle Compensation Cloud 2021 Implementation Essentials
Updated: Jul 29, 2026
Q & A: 180 Questions and Answers
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| Section | Objectives |
|---|---|
| Topic 1: Compensation Plans and Cycles | - Plan Design and Eligibility Rules - Cycle Setup and Administration |
| Topic 2: Reporting and Analytics | - Dashboards and Metrics - Standard Compensation Reports |
| Topic 3: Approvals and Security | - Role-Based Access Control - Approval Workflow Configuration |
| Topic 4: Setup and Configuration | - Enterprise Structures and Security Setup - Basic Compensation Configuration |
| Topic 5: Budgeting and Workforce Compensation | - Manager Budget Distribution - Budget Allocation Methods |
| Topic 6: Compensation Cloud Overview | - Key Features and Business Use Cases - Core Concepts of Workforce Compensation |
| Topic 7: Implementation and Maintenance | - System Maintenance and Updates - Deployment Considerations |
| Topic 8: Worksheet Management | - Manager and Employee Interaction - Worksheet Configuration and Fields |
1. As an implementation consultant, you are required to define a total compensation statement. You are creating the compensation items for Salary, Merit Increase, and so on. Identify one set of values that Compensation Items can hold. (Choose the best answer.)
A) Monetary, Nonmonetary, Date,Boolean
B) Monetary, Nonmonetary, Timestamp, Text
C) Monetary, Timestamp, Boolean
D) Monetary, Nonmonetary, Date, Text
2. While creating a compensation plan, the compensation manager of your client's organization chooses to enable Compensation Change statement. As an implementation consultant, which is the dependent configuration that you would advise the compensation manager to perform? (Choose the best answer.)
A) Configure related components (Configure Worksheet Page Layout: Detail Table tab.)
B) Enable the Communications tab type (Configure Worksheet Page Layout).
C) Enable components and create at least one component (Configure Compensation Components).
D) Enable components and create a component linked to the budget pool (Configure Compensation Components).
3. You arecreating grade rates. What values are necessary for any grade rate that you create? (Choose the best answer.)
A) Minimum, Maximum, or Value
B) Minimum, Maximum, Mid Point, or Value
C) Minimum, Maximum, and Value
D) Minimum, Maximum, Mid Point, and Value
4. While configuring the Budget page, which five tabs are available in Page Layout? (Choose five.)
A) Actions
B) Budgeting
C) Comments
D) Worker List
E) Summary
F) Information
G) Detail table
5. Your customer must use Grade Ladders to suitthe industry in which it operates. How should you define the Grade Ladders that the customer needs? (Choose the best answer.)
A) byusing Min, Max, and Mid Point rate values
B) by using steps and rate values
C) by using LDG-specific Grade Min, Max, and Mid Point rate values
D) by associating the Grade Ladders with legal entities
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: D | Question # 3 Answer: A | Question # 4 Answer: A,B,D,E,G | Question # 5 Answer: A |
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